Qatari Investors Group’s Profits Decline 4% YoY

Doha: Qatari Investors Group disclosed the interim financial statement for the nine-month period ending Sep. 30 that saw net profit decline more than 4 percent to QR 117.7 million, from QR 122.9 million in the same period of the previous year. Earnings per Share amounted to QR 0.09 in the first three quarters of 2024, compared to earnings per share of QR 0.10 for the same period in 2023. Meanwhile, Mazaya Real Estate Development reported net losses of QR 71.7 million in the first three quarters of 2024, compared to a profit of QR 21.5 million in the corresponding period of 2023. This amounted to a loss per share of QR 0.071, compared to an earnings per share of QR 0.019 in the first three quarters of 2023. Source: Qatar News Agency